LET ME EXPLAIN THIS PETER OBI/ANAMBRA DEBT ISSUE LIKE I'M EXPLAINING IT TO A 10-YEAR-OLD.
Forget Mr @PeterObi.
Forget @CCSoludo.
Forget Obidients.
Forget political parties for a moment.
Let us use simple arithmetic.
Imagine you are leaving your business for your younger brother to manage.
On the day you leave, the business has N100 million worth of money and investments.
But the business also owes the bank N10 million.
Question: is the business broke?
No. If you wanted to, you could take N10 million from the N100 million, pay every kobo of the debt, and still leave your brother with N90 million.
This example matters because it explains much of the current argument over Peter Obi and the finances of Anambra State.
Peter Obi did not leave Anambra with literally zero debt recorded anywhere. The Debt Management Office records show that as of 31 December 2013, shortly before Obi left office in March 2014, Anambra's external debt was $30,323,574.40. Domestic debt was N3,025,797,046.67. At the exchange rate around that period, that's roughly N4.7 billion external plus N3.03 billion domestic, or about N7.7 to N7.8 billion total.
Keep that number in your head. Approximately N7.8 billion.
Now the other side of the ledger. According to Obi's March 2014 handover report, the state had local investments of N27 billion, foreign currency investments of N26.5 billion, certified state and MDA balances of N28.166 billion, and an FGN-approved refund of N10 billion. That's N91.666 billion. The handover document then set aside about N5 billion for estimated liabilities, including salaries, pensions, gratuities and certificates for already executed projects, producing the widely quoted N86.666 billion net balance. Part of this has been corroborated directly by people who were there. Alex Otti, who ran Diamond Bank at the time, has said on record that he personally oversaw part of how the state's funds were invested and confirmed the money was real.
Even subtracting the N7.8 billion DMO debt figure from that N86.67 billion, you are still left with roughly N78.9 billion. That's why "effectively debt-free" holds up in ordinary conversation. It does not mean there was no loan anywhere with Anambra's name on it. It means the state's reported assets far exceeded its recorded debt.
Worth being precise on one thing: the N86.67 billion was never N86.67 billion sitting as cash in one account. It included investments, foreign currency holdings, government balances, and an approved refund still to be collected. That's a fact about the composition of the figure, not a challenge to it, and it matters for the same reason it matters on the debt side: knowing what a number is actually made of changes what you can honestly say about it.
Now to the part that is actually in dispute. The Anambra government has published eight external loan facilities associated with Obi's administration and says their outstanding balance, converted at the official rate, is N127.4 billion as of 30 June 2026. That is over twelve years after Obi left office in March 2014. Those two dates cannot simply be treated as the same moment in time.
I believe that was intentionally done by the Anambra State Government to mislead the public:
But here’s a primary school example. Suppose your father opens a N10 million credit facility with a bank. By the day he hands the business to you, only N2 million has actually been drawn. After he leaves, another N6 million is released under the facility. Twenty years later, is it accurate to say "your father left us N8 million debt"? Not without explaining when the money was actually disbursed.
The government's own figures actually help make this point, if you read them closely. They list the eight facilities as totaling $123.77 million when signed, but they state the outstanding balance on those facilities today is $92.35 million, which is what converts to the N127.4 billion figure. Compare that $92.35 million to the DMO's
Debunking the Phantom Debts and Ecological Loan Fallacy
My attention has been drawn to trending claims by the Anambra State Government that my administration left behind inherited debts, including a ₦2 billion ecological loan, contractor liabilities, and unpaid salaries, gratuities, and pensions. This is completely false.
We systematically liquidated historical gratuities and arrears dating back several years, amounting to over ₦35 billion. At the point of handover, the state owed nothing in salaries, gratuities, or pensions, nor did we owe anything to any contractor for projects duly executed and certified.
The ₦2 billion ecological fund in question was released barely three months before the end of my tenure for the Oko/Umuchiana erosion crisis. Despite pressure to spend the money, I refused, insisting that it should be left for my successor because government is a continuum and the funds were tied to a specific project.
The money was therefore left 100 per cent intact in First Bank, in Account No. 2018779464, with a balance of over ₦2.13 billion.
It is important to stress that funds tied to specific projects or set aside for particular purposes were not even included in the over ₦75 billion in savings we left behind.
If anybody can establish anything to the contrary, I will stop campaigning. -PO
@VoiceOfMasses10 Reform
And he bought himself yatch
New Aeroplane
New luxurious vehicle
And your asking this kind of stupid question
Men you guys are just unbelievable
65 FREE SURGERIES FOR 65 CHILDREN
Yesterday, I attended the final follow-up clinic and appreciation programme at Mother Mary Hospital, Isolo, Lagos, following the successful completion of 65 free surgeries for children to mark my 65th birthday.
I am deeply grateful to God Almighty for guiding the medical team throughout the process and for granting all 65 children safe and successful surgeries.
The surgeries, led by Dr Folaseye Adebayo and her dedicated team, included adenotonsillectomy. This procedure removes enlarged or chronically infected tonsils and adenoids, which can cause breathing difficulties, recurrent infections, and sleep-related problems in children.
What made the occasion particularly touching was listening to parents share their testimonies and hearing how these procedures have improved their children’s health and quality of life.
My profound appreciation goes to @DrFolaseye Adebayo and her entire team, the hospital management, the parents, and everyone who contributed to making this initiative possible.
For me, birthdays are not merely occasions for celebration. They are opportunities to give back, touch lives, and make a meaningful difference in the lives of others.
I thank God for the privilege of being part of this initiative and, most importantly, for the gift of 65 healthy and hopeful children.
May God continue to bless all those who dedicate their lives to saving and improving the lives of others.
A New Nigeria is POssible. -PO
A President and the Endless Question of His Past
As a citizen of no other country, who has never sought foreign citizenship even when doing so became fashionable, my loyalty to Nigeria and my faith in her destiny remain unshaken.
Yesterday, 30th of August, being Sunday, I fervently prayed for our nation and for those entrusted with the solemn responsibility of leadership. I found myself deeply saddened by the direction in which our country is heading.
It is profoundly embarrassing that we have reached a point where a sitting President is asking a foreign court to withhold records concerning his past, particularly records relating to matters of legitimate public interest.
Leadership, in my humble view, demands the courage and humility to confront one’s history — to acknowledge mistakes, provide candid explanations where questions arise, and, where necessary, apologise and seek forgiveness. True authority is strengthened, not diminished, when a leader accepts responsibility rather than seeks to shield uncomfortable aspects of the past from legitimate scrutiny.
This becomes particularly important when questions concern educational credentials. Issues surrounding foundational schooling — primary and secondary — should not remain unresolved or be addressed primarily through legal proceedings. Nigerians deserve clear, credible, and verifiable explanations, especially when such had been submitted in the past.
My deepest concern is the example this sets for more than 200 million Nigerians, particularly the over 30 million young people in schools. The nation’s highest office should exemplify integrity, accountability, transparency, and ethical leadership.
An imperfect past is part of the human condition. What matters is the willingness to confront it with humility, honesty and deep apology, to make amends where necessary and, when circumstances so demand, to place the interests of the nation above personal ambition.
When will our political class fully appreciate that individual ambitions are temporary, while the nation endures? The Presidency is an office held for a season; the moral standards established by those who occupy it can influence generations.
Nigeria is greater than any one person, and the integrity of the Republic must always come before the interests of the individual.
A New Nigeria is POssible. -PO
How can the head of tax collection be a member of a political party's fundraising committee?
If the head of the NRS has so much free time on his hands, perhaps he should take a sabbatical and then work for that political party
You are destroying institutions in the name of politics